Key points:
- AP automation safeguards payments and helps keep bank accounts safe from fraud
- A ransomware attack isn’t just a major headache--it can be devastating
- See related article: Higher education must innovate to meet students’ needs
- For more news on campus administration, visit eCN’s Campus Leadership page
The aftermath of the pandemic has shaken every industry category to the core, including the higher-ed sector. Not only have expenses skyrocketed and enrollments declined, but budget holders and finance staff members are asked to do more with fewer resources available to them. Without realizing it, many colleges and universities suffer from the shortcomings of manual, paper-based accounting processes, such as hidden costs, a significantly greater risk of fraud, and substantial inefficiencies.
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